DENVER — Newmont Mining says it swung to a fourth-quarter loss due to a large write-down.
The Denver-based mining company lost $289 million, or 63 cents per share, last quarter. That compares with a profit of $223 million, or 49 cents per share, a year earlier.
Revenue slid 1 percent to $1.41 billion from $1.42 billion.
Thomson Financial said analysts expected a profit of 37 cents per share, on average.
Results included a $1.1 billion non-cash impairment charge to write down the value of its exploration segment. That’s because Newmont Mining Corp. has not replaced enough of its reserves and accounting rules have changed.
However, Chief Executive Richard O’Brien said operating results “continue to improve.” Shares rose 29 cents to $51.44 at the open of trading.
![Newspaper advertisement offering reward for the return of an escaped man to his oppressors, Princess Anne, Maryland, April 1, 1861. Text reads: “0 Reward. Ranaway from the subscriber on Tuesday Morning, 26th Ultimo [last month], My negro boy calling himself Severn Black. The said negro is about 5 feet six inches in height, chesnut color, has a scar on his upperlip, downcast countenance when spoken to, blink-eyed, showing a great deal of white, long bushy hair, is about twenty years old, had on when he lefta [sic] blue fustian Jacket, pantaloons of a greyish color, blue striped shirt, a Black slouch hat and shoes nearly worn out. The above reward will be paid by me for the apprehension and delivery of the said negro in the county jail at Princess Anne, Somerset County, Maryland. April 1, 1861. Richard E. Snelling. Somerset Herald Print, Princess Anne, Md.’ The Fugitive Slave Act of 1850 obliged citizens and lawmen of free zones to return escaped men to those whom they fled. (Photo by Hulton Archive/Getty Images)](/wp-content/uploads/2026/09/GettyImages-53262583-16x9-1.jpg?w=620 "GettyImages-53262583-16x9-1")
